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Re: None

Tuesday, 04/03/2007 12:33:56 AM

Tuesday, April 03, 2007 12:33:56 AM

Post# of 887
btw, I think Penny_Ta's analysis was really good for CHNW and very encouraging to me. I'm not a fan of people who quickly throw out TA terms, or use them to force fit a decision to purchase. However, CHNW seems to be the real deal. Related to Bollinger Bands, I think they are often miss-used, but in this case a narrowing of the bollinger bands does tend to force a break-out effect when the Bulls out muscle the Bears. It also tends to increase this break-out effect when the bands tighten for days or weeks - like shaking up a bottle of Dr. Pepper. However, I do think it's going to take some institutional interest to really blow this joker upward. It would really help if some buy orders came in for some big blocks of this stock - the MM's wouldn't be able to stop it. As of yet, I've not seen a lot of that. Frankfurt exchange should really help that and Forex launch as well. Who knows - maybe the CUSSIP change will force them to cover shorts in big blocks and really drive this price up...all to say, I do think a jump is coming soon - it has too - we've been wedged between 10-12 for weeks now and pressure is building. It should be a fun ride...

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